I got paid back this year only because my wife was in school and went down to less then part time. It was really nice but after next year I'm sure ill have to pay in. My wife and I might both have to claim 0 on w4s

this tax bracket is killing me. Had so much less income than last year due to wife not working for so long after kid and still couldn't drop a bracket. I thought kid deductions were supposed to be awesome.

iced98lx wrote:this tax bracket is killing me. Had so much less income than last year due to wife not working for so long after kid and still couldn't drop a bracket. I thought kid deductions were supposed to be awesome.

Yeah I did too wth. Did u deduct all medical expenses etc.. can you deduct daycare or not yet? I know it was talked about being possibility

iced98lx wrote:this tax bracket is killing me. Had so much less income than last year due to wife not working for so long after kid and still couldn't drop a bracket. I thought kid deductions were supposed to be awesome.

Yeah I did too wth. Did u deduct all medical expenses etc.. can you deduct daycare or not yet? I know it was talked about being possibility

You've always been able to claim daycare expenses. Not sure that it helps much but might be because most employers let you set aside up to 5k pre-tax for dependent care expenses. So I utilize that every year.

We got just shy of 3k back this year but it was no where near a normal year for us. I paid too much in on a bonus, which also moved us up a bracket, and wife was tutoring for a while which forced me to itemize things. Normally I'm lucky enough to take standard deductions.

Most of it was spent on tuition for this semester anyways and the rest in savings for when I find the next house.

iced98lx wrote:this tax bracket is killing me. Had so much less income than last year due to wife not working for so long after kid and still couldn't drop a bracket. I thought kid deductions were supposed to be awesome.

Yeah I did too wth. Did u deduct all medical expenses etc.. can you deduct daycare or not yet? I know it was talked about being possibility

Yea our tax guy said we had good deductions and yea turned in day care costs and a folder of receipts. Not sure if we itemized this year or not, always up to tax guy.